› Flat Chat Strata Forum › Common Property › Having to pay for consequences of neglected problem › Current Page
10/10/2017 at 5:01 pm
#28373
@Orion011 said:
… what does OC stand for please?
Owners Corporation – or Body Corporate, as it used to be known.
I don’t understand why the rest of the owners have to pay for the “loss of rent” as it could have been could have been avoided by the owner notifying the committee before it got to the unliveable stage.
I’m guessing the problem here may have been quantifying the extent to which the failure to report the problem contributed to the damage. So then you get into a legal debate that costs time, energy and money. Sometimes it costs less to surrender than fight a battle and win.